Vaibhav Global

#5376

Rank

$624.54M

MarketCap IN

IN India

Country

Summary
Vaibhav Global Limited, together with its subsidiaries manufactures and exports fashion jewelry and related articles. It offers gemstones, apparels, and life-style products. The company sells its products through departmental stores; TV shopping channels; and through internet shopping websites and mobile apps, as well as OTT platforms, social media platforms and third-party marketplaces; and involved in the B2B wholesale distribution in the United States and the United Kingdom, and Germany. It operates in United States, Canada, the United Kingdom, Germany, India, and internationally. Vaibhav Global Limited was founded in 1980 and is headquartered in Jaipur, India. Vaibhav Global Limited is a subsidiary of Brett Enterprises Private Limited.

History

VGL was founded as Vaibhav Enterprises in 1980. It was later incorporated as Vaibhav Gems Limited, in 1989 at Jaipur, India. The company became Vaibhav Global Limited in 1994 and went public in 1996-97. VGL continued expanding its manufacturing and retail capabilities and in 2005-06 acquired STS Group of companies.During the recession of 2008-09, the purchasing power of US consumers dropped significantly and VGL had to rework its strategy. The company brought the average price of its products down to $18 - $20 from $100 per piece in 2010 thereby, successfully transitioning from store-based jewelry business to discount retail business through web and TV channels.It has electronic retail units: Shop LC formerly Liquidation Channel in the US & Canada and TJC formally The Jewellery Channel in UK & Ireland. These are wholly owned TV channels as well as e-commerce platforms. The combined reach of these two TV channels is about 123 million households.


Mission
VGL strives to create timeless jewellery and lifestyle products of the highest quality and to ensure customers a unique and wonderful shopping experience.

Vision
Our vision is to become the leader in the industry with the highest standards of excellence.

Key Team

Mr. Nitin Panwad (Group Chief Financial Officer)

Mr. Kedar Suresh Raul (Gen. Mang. of Operations)

Mr. Prashant Saraswat (Head of IR)

Mr. Srikant Jha (Managing Director of TJC, UK)

Mr. Deepak Mishra (Managing Director of Shop LC (Germany))

Mr. Anshuman Khandelwal (Assistant Gen. Mang. of Fin. & Accounts)

Mr. Jiten Dattani (Exec.)


Recognition and Awards
VGL has been recognised for its achievements, winning numerous awards such as 'Best Innovative Jewellery Brand of the Year', 'Best Market Entry of the Year' and 'Best Technology Revolution for Jewellers'.

References
Vaibhav Global
Leadership team

Mr. Sunil Agrawal (MD & Exec. Director)

Mr. Sushil Sharma FCS (Compliance Officer & Company Sec.)

Mr. Pushpendra Singh L.L.B., M.B.A. (VP of HR)

Products/ Services
Fashion, Jewelry, Retail
Number of Employees
1,000 - 20,000
Headquarters
Jaipur, Rajasthan, India
Established
1980
Company Registration
SEC CIK number: 0001050743
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
VAIBHAVGBL.NS
Social Media
Mon Feb 26 2024
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